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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Wednesday, 02 February 2011 06:04
USDCHF
USDCHF closed @ 9355 which was BELOW the open and breached the previous day's low. The High was 5 pips from Precise Trader's Res Zone 1 and the Low was 5 pips from Precise Trader's Sup Tgt 2. The Hourly Oscillators are Bearish and the Price is Below the MA, so the Bulls have to be Sidelined. Hourly Trend is Sideways Down while 9475 holds and Daily Trend is also Sideways Down while 9585 holds, so expect the Price to be Choppy with a potential to Break Lower. The Daily Trend breached the Prior Day's low , the Bears were holding till the Close which signifies a Range Trading with some Weakness. The Price is below the MA's and the Oscillators are suggesting some more Weakness. The Hourly Trend has been in a Range Trading and the Patterns are suggesting a Choppy session until the break , 9400-75 are the Critical levels to watch to maintain the Bearish Outlook. The Opening Price Principles are Mixed , so Cautious approach is needed until the Price breaks out of Zone 2 levels.
BULLS: 9275 9220 9150 BEARS: 9405 9465 9525
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
AUDUSD
AUDUSD closed @ 10110 which was ABOVE the open and breached the previous day's high. The High was 10 pips from Precise Trader's Res Tgt 3 and the Low was 15 pips from Precise Trader's Sup Zone 1. The Hourly Oscillators are Bullish and the Price is Above the MA, so the Bears have to be Sidelined. Hourly Trend is Sideways Up while 10020 holds and Daily Trend is also Sideways Up while 9745 holds, so expect the Price to be Choppy with a potential to Break Higher. The Daily Trend Rallied above the Prior few Day's Range but the Bulls gave up mildly towards the Close which signifies a Range Trading with some more strength . The Price is well above the MA's and the Oscillators are suggesting strength. The Hourly Trend is in a Range Trading and the Patterns are suggesting a Choppy session with a potential to break higher ,10065-20 are the Critical levels to watch to maintain the Bullish Outlook. The Opening Price Principles are Mixed , so Cautious approach is needed until the Price breaks out of Zone 2 levels.
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Today's Strategies: Get the full report by visiting Precise Trader for a Free Trial.
USDCAD
USDCAD closed @ 9905 which was BELOW the open and breached the previous day's low. The High was 25 pips from Precise Trader's Res Zone 1 and the Low was 5 pips from Precise Trader's Sup Tgt 2. The Hourly Oscillators are Bearish and the Price is Below the MA, so the Bulls have to be Sidelined. Hourly Trend is Sideways Down while 9980 holds and Daily Trend is also Sideways Down while 10060 holds, so expect the Price to be Choppy with a potential to Break Lower. The Daily Trend Plunged below the Prior Day's Open , the Bears were holding till the Close which signifies some more weakness. The Price is below the MA's and the Oscillators are suggesting Weakness. The Hourly Trend has been in a Range Trading and the Patterns are suggesting a Choppy session with a potential to break lower, 9950-80 are the Critical levels to watch to maintain the Bearish Outlook. The Opening Price Principles are Mixed , so Cautious approach is needed until the Price breaks out of Zone 2 levels.
BULLS & BEARS : Get the full report by visiting Precise Trader for a Free Trial.
Today's Strategies: Get the full report by visiting Precise Trader for a Free Trial.